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  3. a player pays $ 13 to roll three six-sided balance

A player pays $ 13 to roll three six-sided balanced dice. If the sum of the...

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Statistics

A player pays $ 13 to roll three six-sided balanced dice. If thesum of the 3 dice is less than 13, then the player will receive aprize of $ 70. Otherwise, you lose the $13.
a. Find the expected value of profit.

Answer & Explanation Solved by verified expert
4.4 Ratings (850 Votes)
Let X denotes the profit X is either 7013 57 in case of winnin or 13 in case of losing Pwin Psum of 3 dice is 13 plose 1 pwin If 3 dice are rolled there are 216 possible outcomes We have to count    See Answer
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